US-headquartered energy storage manufacturing startup KORE Power has said that its supply partner in China has resumed operations “and is presently working to meet KORE Power’s customer orders”.
The impact on supply chains during China’s most intense period of stopping the coronavirus (COVID19) from spreading had been “substantial”, contributing to a “pretty tough time,” for Oregon, USA-headquartered energy storage system maker Powin Energy.
China’s energy storage industry entered a period of “rational adjustment” in 2019, as overall growth in new projects and capacity slowed down, yet deployed around 519.6MW/855MWh of new electrochemical energy storage capacity domestically.
Dimitrios Pappas, analyst at new energy consultancy Delta-EE, considers the impact the novel coronavirus (COVID-19) could have on the energy transition, particularly for batteries used in EVs and ESS, while Energy-Storage.news editor Andy Colthorpe adds his own take.
Solar industry players target opportunities in the residential energy storage market in the US and elsewhere with the rollout and launches of new products.
Manz AG has signed an agreement with China’s Shenzhen Yinghe Technology for strategic cooperation in lithium-ion cell and module production.
GCL System Integration (GCL SI) has created a joint venture to expand its energy storage business in the Asia-Pacific region with US-Based energy storage technology provider Powin Energy.
While recycling of lithium and other materials such as cobalt from batteries will greatly increase in the coming years, the potential availability of second life batteries should not be underestimated, according to new research and data.
CATL sold 21.31GWh of lithium batteries in 2018, primarily to the EV market in China, but after exhibiting at two major trade shows in the west, claims its 12,000 cycle lithium iron phosphate batteries are ready to take on the stationary energy storage system (ESS) market, too.
Idaho-headquartered KORE Power claims it will have 6GWh annual production capacity for its lithium battery energy storage solutions, based on high-power nickel manganese cobalt (NMC) cells, up and running during the first quarter of next year.
News in brief from around the world of energy storage.
The US Energy Storage Association has expressed “deep concern” that additional tariffs slapped on Chinese goods will adversely affect the domestic energy storage industry.
Some choice words from conversations with Scott McGregor, CEO at redT, Avalon Battery president and chief product officer Matt Harper and NEXTracker’s chief technology officer, Alex Au.
BloombergNEF has predicted an exponential multiplying of non-pumped hydro energy storage installations around the world, culminating in nearly 3,000GWh of deployments by 2040.
RedT has confirmed it has agreed outline terms for a reverse takeover of fellow vanadium redox flow battery firm Avalon, a move which the firm said would create a “leading player” in the energy storage market.
Lithium-ion batteries are far more widely recycled than many people think, while China and South Korea are already leaders of the emerging circular economy of lithium, a report commissioned by the Swedish Energy Agency has found.
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China.
Strong deployment figures have been posted for the US’ energy storage market in both residential and non-residential segments in the past quarter, amid warnings that an escalating trade war with China could dampen some of that enthusiasm if tariffs are applied.
Subsidiaries of state-run energy conglomerate China Energy Engineering Corp have started constructing two major solar plants and one of the largest energy storage systems in China, according to filings on the Stock Exchange of Hong Kong (HKEX).
Grid-connected energy storage deployments have enjoyed a compound annual growth rate (CAGR) of 74% worldwide in the years 2013 to 2018, with a “boom” in deployment figures expected over the next five years, analysis firm Wood Mackenzie has said.
NEC has now executed five grid-scale battery energy storage projects in China and been awarded another, winning deals in spite of what a company representative described as “aggressive” price competition from domestic vendors.
Chinese solar inverter manufacturer Sungrow not only continues to lead the global market for inverter shipments, the company’s energy storage business enjoyed huge growth in revenue during 2018.
A 100MWh battery energy storage system has been integrated with 400MW of wind energy, 200MW of PV and 50MW of concentrated PV (CPV) in a huge demonstration project in China.
VRB Energy, a maker of flow batteries headquartered in Canada and owned by a metal resources and mining company, said the first phase of a 40MWh flow battery project in China has now been commissioned.
China’s State Grid Corporation will build 6GW of pumped hydro storage as part of ongoing efforts to cut rates of wind and solar power curtailment.
CATL, a major Chinese manufacturer of lithium-ion batteries, has just opened its first sales and service centre in North America.
Vanadium redox flow battery maker VRB Energy has begun commissioning a 3MW / 12MWh energy storage system project in Hubei, China, which is expected to help serve as a demonstrator for much larger projects to come.
Quoting an expected doubling in installed PV capacity over the next five years, a partnership between Chinese battery storage system maker BYD and European PV inverter company SMA is targeting the USA market, identifying it - along with Africa - as having “high growth potential” for the pair’s products.
As well as Elon Musk remarking that the company may have had its “best ever quarter” for solar since the SolarCity takeover, Tesla’s energy storage deployments have enjoyed a ramp up, while a fellow exec hinted the stationary battery business is constrained by cell supply.
There are very different drivers for deploying energy storage in the four provinces of China that announced significant capacities of projects this year, the China Energy Storage Alliance (CNESA) has said.